Black Diamond Group (TSE:BDI) Insider Kernwood Limited Sells 56,000 Shares of Stock

Key Points

• Insider selling: Kernwood Limited sold 56,000 Black Diamond Group shares on July 9 at an average price of C$19.09, worth about C$1.07 million. The insider’s direct stake fell by 0.81% to 6,840,300 shares.
• Recent sale activity was heavier: Kernwood also sold shares on July 7, July 8, and July 10, including a 192,000-share sale and a 255,500-share sale, totaling several million Canadian dollars in transactions.
• Stock and financial snapshot: Black Diamond Group shares were up slightly to C$18.98, near their 52-week high of C$20.14. The company reported C$0.04 EPS in its last quarter on revenue of C$129.98 million, while analysts expect about 0.535 EPS for the current fiscal year.

Black Diamond Group Limited (TSE:BDI - Get Free Report) insider Kernwood Limited sold 56,000 shares of the business's stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of C$19.09, for a total value of C$1,069,040.00. Following the sale, the insider directly owned 6,840,300 shares of the company's stock, valued at C$130,581,327. This represents a 0.81% decrease in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

• On Tuesday, July 7th, Kernwood Limited sold 200 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.02, for a total value of C$3,804.00.
• On Tuesday, July 7th, Kernwood Limited sold 7,700 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.01, for a total transaction of C$146,377.00.
• On Tuesday, July 7th, Kernwood Limited sold 400 shares of Black Diamond Group stock. The stock was sold at an average price of C$19.00, for a total transaction of C$7,600.00.
• On Wednesday, July 8th, Kernwood Limited sold 192,000 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.18, for a total transaction of C$3,682,560.00.
• On Friday, July 10th, Kernwood Limited sold 255,500 shares of Black Diamond Group stock. The shares were sold at an average price of C$19.05, for a total transaction of C$4,867,275.00.

Black Diamond Group Stock Up 0.1%

Black Diamond Group stock traded up C$0.01 during midday trading on Friday, hitting C$18.98. 456,279 shares of the stock were exchanged, compared to its average volume of 164,621. Black Diamond Group Limited has a 52-week low of C$10.41 and a 52-week high of C$20.14. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 38.73 and a beta of 1.08. The business's 50-day moving average price is C$18.41 and its 200-day moving average price is C$17.06. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 93.57.

Black Diamond Group (TSE:BDI - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$0.04 EPS for the quarter. Black Diamond Group had a net margin of 6.54% and a return on equity of 8.46%. The firm had revenue of C$129.98 million during the quarter. On average, research analysts expect that Black Diamond Group Limited will post 0.5349233 EPS for the current fiscal year.

About Black Diamond Group

Black Diamond is an industrial services and asset management company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond operates in Canada, the United States and Australia. MSS, through its principal brands - BOXX Modular, CLM and Schiavi - owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors.

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